Bank of New York (BK)

[Doug Hauser]

Oh yeah news: (I'm hoping this is the start of a vigorous trend) The Bank of New York Company, Inc. Reports Third Quarter EPS of 51 Cents, up 11% vs. Year-Ago; Strong Securities Servicing Revenue and Net Interest Income Growth
The Bank of New York Company, Inc. (NYSE: BK) reported today third quarter net income of $389 million and diluted earnings per share of 51 cents, compared with net income of $354 million and diluted earnings per share of 46 cents in the third quarter of 2004, and net income of $398 million and diluted earnings per share of 52 cents in the second quarter of 2005. Year-to-date net income was $1,166 million, or $1.51 of diluted earnings per share, compared to $1,089 million, or $1.40 of diluted earnings per share in 2004.

Third Quarter 2005 Highlights

-- Positive operating leverage over the year-ago quarter.

-- Securities servicing fees up 18% versus the year-ago quarter.

-- Net interest income up 15% over the year-ago quarter.

-- Foreign exchange and other trading revenues up 39% from the third quarter of 2004.

-- Agreed to acquire Alcentra Group Ltd., an international asset management group (announced October 18, 2005).

-- New marketing alliances with leading clients in key growth markets.